Board Meeting Details
The Board of Directors meeting was held on Friday, November 13, 2026, commencing at 04:10 PM (IST) and concluding at 05:15 PM (IST).
Key Decisions and Approvals
1. Financial Results Approval:
- Considered and took note of Un-audited Financial Results of wholly-owned subsidiary Amulet Technologies Limited for quarter and half-year ended September 30, 2026
- Approved and took on record Un-audited Financial Results (Standalone & Consolidated) of Intec Capital Limited for quarter and half-year ended September 30, 2026
- Results enclosed as Annexure A in compliance with Regulation 33 of SEBI Listing Regulations
2. Related Party Transactions:
- Ratified related party transaction with Mr. Dhruv Goel, Chief Manager (Finance & Legal) for renting Toyota Innova Car for official use
- Ratified related party transaction with Mr. Pranav Goel, Chief Manager (IT & Infra) for renting Honda City Car for official use
Financial Results Highlights (Standalone - ₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹158.46
- Interest income: ₹139.03
- Sale of securities: ₹3.57
- Dividend income: ₹0.01
- Recovery of financial assets written off: ₹15.85
- Other income: ₹0.26
- Total revenue: ₹158.72
- Total expenses: ₹15.21
- Profit before tax: ₹143.51
- Tax expense: ₹88.45
- Profit after tax: ₹55.06
- Earnings per share (Basic & Diluted): ₹0.30
Half Year Ended September 30, 2026:
- Revenue from operations: ₹219.70
- Total revenue: ₹220.50
- Profit before tax: ₹91.95
- Tax expense: ₹128.12
- Profit after tax: ₹(36.17)
- Earnings per share (Basic & Diluted): ₹(0.20)
Financial Results Highlights (Consolidated - ₹ in Lakhs)
Quarter Ended September 30, 2026:
- Profit after tax: ₹50.73
- Earnings per share (Basic): ₹0.28
- Earnings per share (Diluted): ₹(0.52)
Half Year Ended September 30, 2026:
- Profit after tax: ₹(44.67)
- Earnings per share (Basic): ₹(0.24)
- Earnings per share (Diluted): ₹(0.24)
Subsidiary Performance
Amulet Technologies Limited (wholly-owned subsidiary) reported for quarter ended September 30, 2026:
- Total revenues: ₹Nil
- Net loss after tax: ₹4.33 lakhs
- Total comprehensive loss: ₹4.33 lakhs
Auditor's Review Report
S. P. Chopra & Co., Chartered Accountants issued limited review reports for both standalone and consolidated financial results. Key emphasis matters:
- One Time Settlement (OTS) with all lender banks completed during half year ended September 30, 2025
- Company fully repaid OTS amounts and received No Dues Certificates
- Resultant net loss of ₹124.38 lakhs shown as Exceptional Item in financial results for half year ended September 30, 2025 and year ended March 31, 2026
- Conclusion not modified regarding this matter
Balance Sheet Position (as at September 30, 2026)
Standalone (₹ in Lakhs):
- Total assets: ₹5,627.20
- Cash and cash equivalents: ₹574.35
- Loans: ₹2,846.65
- Investments: ₹6.84
- Total liabilities and equity: ₹5,627.20
- Equity share capital: ₹1,836.63
- Other equity: ₹2,452.14
Cash Flow Statement (Half Year Ended September 30, 2026)
Standalone (₹ in Lakhs):
- Net cash from operating activities: ₹740.99
- Net cash from investing activities: ₹5.05
- Net cash used in financing activities: ₹(525.88)
- Net increase in cash: ₹220.15
Critical Accounting Notes
1. Business Operations: Company primarily engaged in providing loans to SME customers with no overseas operations
2. Going Concern: Management acknowledges accumulated losses but affirms going concern basis due to:
- Active pursuit of comprehensive revival strategy
- Commencement of securities trading business for additional revenue
- Continued financial support from promoters via unsecured loans
- Successful settlement of all lender dues through OTS
3. One Time Settlement: Completed during H1 FY26 with full repayment and No Dues Certificates received
4. Deferred Tax Assets: Not recognized due to uncertainty regarding future taxable income availability
5. Segment Reporting: Not required as no operations at subsidiary company and no overseas units